PT - JOURNAL ARTICLE AU - John Baxter AU - Colin Robinson TI - Maximizing Bondholder Participation in Financial Restructurings DP - 2003 Mar 20 TA - Turnaround Management PG - 96--102 VI - 2003 IP - 1 4099 - http://guides.pm-research.com/content/2003/1/96.short 4100 - http://guides.pm-research.com/content/2003/1/96.full AB - It is commonly assumed that the process of soliciting and communicating with bondholders during a financial restructuring is a relatively simple matter, akin to conducting a proxy vote among shareholders. In reality, though, bonds issued electronically in book-entry form are linked to the decision-making, ”beneficial owner” investor through an often confusing, custodial hierarchy that includes depositories, brokers, and banks. In order to reach enough of these investors to ensure a successful outcome to the contemplated transaction, a full-service investor communications firm with the requisite resources and experience must be employed.